Is The Oasis at Magic Ranch, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, The Oasis at Magic Ranch was a Seller's Market.
Housing Prices in The Oasis at Magic Ranch, AZ
How much do homes in The Oasis at Magic Ranch, AZ cost?
Median Sold Price
$299,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in The Oasis at Magic Ranch was $299,000 in March 2024, down 9.1% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $288.3K | $290K | +0.6% |
3 Bedrooms | $315K | $282K | -10.5% |
4 Bedrooms | $330.4K | $325K | -1.6% |
5+ Bedrooms | $375K | $327.5K | -12.7% |
Summary: The Oasis at Magic Ranch housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.6%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 12.7%.
Housing Supply in The Oasis at Magic Ranch, AZ
How many homes are available in The Oasis at Magic Ranch, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 31 | +10.7% |
Summary: The The Oasis at Magic Ranch real estate market had 31 homes for sale in March 2024, a 10.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 12 | 12 | 0.0% |
4 Bedrooms | 13 | 18 | +38.5% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The The Oasis at Magic Ranch housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in The Oasis at Magic Ranch in March 2024, down by 20.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 75% were sold at asking, and 25% were sold over asking.
Days on Market for The Oasis at Magic Ranch, AZ
How long does it take to sell a home in The Oasis at Magic Ranch, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
108 Days | 19 Days | -81.7% |
Summary: Homes in The Oasis at Magic Ranch had an average of 19 days on market in Mar 2024, down by 81.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in The Oasis at Magic Ranch; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.